[PeteFromMontana]

Dem's to be on suicide watch today.....

[ECM]

Be interesting what the Spin Machine does with this...

[John H K]

Dem's to be on suicide watch today.....

Take the belts and sharp objects away from the Paleocon BuchanaKerry fans as well....

[writer33]

All of this while we still need 2.6 million jobs. How can this be?

[austinite]

All three factories are really crankin'

[JimRed]

Don't expect to hear it on ABCNNBCBS or the lefty print media...

[Alas Babylon!]

How is this possible? Last night, Billy Crystal told us the economy was tanking!

[Cap Huff]

WAGD!!!

[don'tbedenied]

This is getting interesting. The economic numbers are good and getting better, some are fantastically good. The Democrats and their media echo chamber continue to report that the ecomnomy is, as Billy Crystal put it last night, "in the tank". At what point does the media change the story for fear of being humiliated by being so wrong? And if they change the story how do they do it so they don't look stupid? The Democrats and the echo chamber, for political reasons, have to keep the current story line going until Nov. But that's a long time to surpress the truth when good news keeps happening all the time.
So far they've put all their bets on the payroll employment numbers, which is about the only stat that's been negative. Common sense tells you that if all the economic numbers except one are good, the exception is just incorrect.
The other negative economic fact the media is echoing is the loss of manufacturing jobs. This, of course, has been happening since the 70's and will continue regardless of who is President. Manufacturing job losses, like the homeless, seem destined to be discovered only during Republican administrations.
Any predictions on how the media/D's get out of this one?

[kennedy]

Daschle is saddened, deeply saddened.

[Grampa Dave]

Thanks for posting this.

I posted a thread on how this data is helping most of the indexes go up in today's market:

http://www.freerepublic.com/focus/f-news/1088310/posts

Spring in the Air, (manufacturing index: employment component rose to a 16-year high)
Smartmoney.com ^ | 1 March 2004 | Igor Greenwald


Posted on 03/01/2004 7:56:48 AM PST by Grampa Dave


Spring in the Air

By WALL STREET STARTED March with an uphill jog on Monday, paced by the increasingly confident industrial leviathans and hopes for a job market thaw.

At 10:22 a.m. ET, the Dow was up 55 points to 10639, while the Nasdaq rose 12 to 2042. The S&P 500 moved up 6 to 1151.

Home builders and the commodity complex stayed red-hot, Alcoa's (AA1) 3% gain pacing the blue chips. Hospital stocks required emergency care.

Investors liked the ISM index of purchasing managers, which stayed in boom territory with a reading of 61.4 as the recovery continues to lift the manufacturing sector's fortunes. That was down slightly from the prior month's 20-year high of 63.4. But the survey noted that the sector now boasts "sustainable momentum."

The employment component rose to a 16-year high, a good omen ahead of Friday's all-important monthly jobs report. Demand for workers has so far not grown as fast as hoped by market-watchers or the 8.3 million unemployed.

Low interest rates and tax cuts have eased the wait, propping up consumer spending in the process. Americans earned less the economists expected but spent more than forecast in January, the 0.2% rise in personal income not quite keeping pace with the 0.4% increase in outlays.

Economic optimism has spread to Japan, with Tokyo's Nikkei stock index surging 2% to a 20-month high Monday on upbeat data and the recently weaker yen. Major European markets also closed in on 2002 peaks.

If all else fails, news that a "secret" U.S. task force has launched a new hunt for Osama bin Laden in remote Pakistan prepared the ground for the next "he's been captured" rumor.

Traders need all the excitement they can get after suffering through a six-week consolidation period that has modestly discounted stocks from January's multi-year highs.